3 C Carpentry, Chuck Cole, Des Moines, IA 515 689-2883
"He had the money. He had over a million dollars he could have paid back when he was on probation." Through the years, we built a thorough reputation for superior quality and customer service. Now one of North Georgia and Western North Carolina's leading design-build firms, Brown Haven Homes is transitioning from building high-end custom homes... Brian Reiff has been working as an Executive in nearly every field he has touched.
In the course of the sale, Cole represented to the buyer that the company was making money, with profits of about $125,000 annually for the past three years. However, records from Cole's tax returns indicated that he represented to the Internal Revenue Service that he was losing money every year, with a loss of over $400,000 in the last three years. During the hearing Monday, one witness testified that, last March, Cole sold him his outdoors and hunting business for more than $400,000. However, records from Cole’s tax returns indicated that he represented to the Internal Revenue Service that he was losing money every year, with a loss of more than $400,000 in the last three years. Brian Reiff had an entrepreneurial/entrepreneurial Studies degree from Southern Illinois University, Carbondale.
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The Texas Attorney General's office recommends getting several bids before hiring a contractor. Do not automatically accept the lowest bid - an abnormally low bid may indicate the contractor made a mistake and is not including the same work quoted by their competitors. The Texas Department of Licensing Regulation does not require general contractors to carry a surety bond nor is there a state recovery fund.
After a restitution hearing last August, District Judge Craig Towson, who presided over the case, assessed Cole's restitution at $1,500,358. Joseph Charles “Chuck” Cole, 55, of Maypearl, was placed on deferred adjudication in May 2018 for misapplication of fiduciary property over $200,000, a first-degree felony. After a restitution hearing last August, District Judge Craig Towson, who presided over the case, assessed Cole’s restitution at $1,500,358.
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If you prefer quiet mornings and breathtaking scenery right outside your door, we’re the builder for you. As specialists in Denver urban infill, we successfully meet the challenges presented by zoning administration and building departments. As Certified Aging in Place Specialists, we have the knowledge and experience to make your environment functional for all ages and abilities. Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
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If the builder misapplies trust funds amounting to $500 or more, it is a Class A Misdemeanor with a potential fine up to $4,000 and up to one year in jail. If the builder misapplies trust funds amounting to more than $500 with the “intent to defraud,” the builder could face a Third-Degree Felony with a potential fine up to $10,000 and jail confinement for no less than 2 years and no more than 10 years. Importantly, monies received that are to pay the builder’s fees are not considered trust funds. As to the money that is considered trust funds, if a builder misuses these funds, the builder can be criminally and personally liable. Instead of paying the restitution, he bought a beach house near Destin, Florida, put some money in a trust for his daughters, and bought and paid off several vehicles including a Porsche and BMW for himself and his family.
Only certain types of specialty contractors (e.g. HVAC, electrical) need to be licensed in Texas. There are no licensing requirements when it comes to hiring for a construction or major remodeling project. Records admitted during the hearing also showed that, instead of paying restitution, Cole gave tens of thousands of dollars to his daughters, paid for their college, spent thousands on vacations, and took out over $40,000 in cash. Records admitted during the hearing also showed that, instead of paying restitution, Cole gave tens of thousands of dollars to his daughters, paid for their college, spent thousands on vacations, and took out more than $40,000 in cash. But when a Parker County judge learned the man was hiding money and not paying restitution, he was sentenced to 50 years in prison. This article should make builders realize that misapplying trust funds could lead to severe consequences.
Brown Haven Builders
According to the records, Cole took over a half million dollars of that money and bought a beach home near Destin, Florida, which he then put into a trust for his daughters. He also spent over $125,000 to purchase or pay off several vehicles for himself, his wife, and children, including a Porsche and a BMW. According to the records, Cole took more than a half million dollars of that money and bought a beach home near Destin, Florida, which he then put into a trust for his daughters. He also spent more than $125,000 to purchase or pay off several vehicles for himself, his wife, and children, including a Porshe and a BMW. Alexander submitted payment invoices to the dealership owner for work completed by sub-contractors, but Alexander was not fully paying the sub-contractors.
That were paid to the trustee in reliance on an All-Bills Paid Affidavit. As a matter of policy, BBB does not endorse any product, service or business. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
The fraud came to light after seven liens totaling about $100,000 were filed against the dealership. In 2014, a contractor, Mr. Alexander, was convicted and sentenced to three years in prison for making a false statement to obtain property or credit. Alexander was the general contractor for a company that was hired to oversee construction for a used car dealership in Fort Worth. We are very detail-oriented and minutely examine every single aspect to ensure that work is thorough and build to last.
Our free bidding system will get you quotes from Cole Luxury Homes and 2 other top contractors. Explore our recently completed projects by clicking on either picture shown below. Two other victims from 2002 and 2008 testified that Cole embezzled from them related to construction projects, with amounts totaling over a million dollars.
He was convicted and placed on probation with deferred adjudication for misapplication of fiduciary property over $200,000 and ordered to pay over $1 million in restitution. The purpose of the Act is to protect those furnishing labor or materials for the construction or repair of property by requiring that funds are held in trust for all parties in the construction chain. The thought is that because most of the money builders receive from owners is typically owed to others – subcontractors and vendors – the builder holds the money in trust for those to whom it is owed.
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